Opendoor became one of the most high-profile firms to announce an intention to go public via a SPAC merger. And in confirming the news, Opendoor unveiled the most detailed look so far at the financials of its internet-enabled home-buying business. One thing that quickly became clear is why Opendoor needed to cut 35% of its staff, or 600 people, earlier this spring. The company reported a net...
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Musk Puts $20 Billion Value on Twitter

Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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